TENDRIL Liquidity Pool Drain Removed Nearly $4.42M USDT
A sell-triggered burn nearly emptied TENDRIL’s BNB Chain pool, while the transaction’s net USDT outflow was reported at about $555,671.
A sell-triggered burn nearly emptied TENDRIL’s BNB Chain pool, while the transaction’s net USDT outflow was reported at about $555,671. Tether (USDT) is trading at $0.9992. This is an original TLT brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 07 Nov 2026 02:00:05 UTC.
The episode shows how a token sell and burn can sharply reduce one side of a liquidity pool before a large stablecoin swap completes. The distinction between gross pool outflow and net transaction flow is central to understanding the reported $4.42 million movement.
- A TENDRIL sell-triggered burn nearly emptied its BNB Chain pool
- Gross pool outflow was nearly $4.42M USDT
- Net USDT outflow was reported at $555,670.54
- Bitcoin fell 0.49% as the market remained flat
- Binance Records Largest USDT Outflow of October at Nearly $50 Million
- TENDRIL Liquidity Pool Drain Removed Nearly $4.42M USDT — this brief
The Cryptonomist reported that a sell-triggered token burn nearly emptied the TENDRIL side of a 
BNB Chain liquidity pool on November 4, 2026. The activity preceded a swap that removed almost 4.42 million USDT from the pool, according to the outlet’s summary of the transaction.
The reported gross movement was substantially larger than the transaction’s net pool outflow. USDT totaling 555,670.538752928908475139 entered the pool earlier in the same transaction, reducing the net amount removed to that figure. The summary said TENDRIL’s controller removed twice the original amount, although the truncated source text does not provide further detail on that comparison.
The transaction is presented as a case in which a sell-triggered burn affected pool liquidity before the USDT swap. No additional outlet supplied independent coverage or an alternative on-chain figure, so the transaction details remain attributable to The Cryptonomist and the verified supply context to DeFiLlama.
Live market data showed the broader crypto market cap at $2.61 trillion with overall conditions described as flat. 
Tether traded at $0.999103, up 0.01% over 24 hours and unchanged over seven days, while its market capitalization was $177.59 billion; DeFiLlama’s verified USDT circulating supply was $176.98 billion. BNB was $692.79, up 0.35% over 24 hours and down 0.96% over seven days, while 
Bitcoin fell 0.49% and the Fear & Greed index stood at 25, labelled Extreme Fear. The figures provide context for the scale of the reported pool movement without establishing a broader market effect.
Since this brief published about 8 hours ago, Tether (USDT) has moved from $0.9991 to $0.9992 — +0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,378.76 (about $0.9992), up 0.0% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
TENDRIL Liquidity Pool Drain Removed Nearly $4.42M USDT — questions & answers
How much USDT left the TENDRIL pool?
The Cryptonomist reported a gross pool outflow of nearly $4.42 million USDT and a net outflow of 555,670.538752928908475139 USDT. The difference reflected substantial USDT inflows earlier in the same transaction.
What triggered the reported pool activity?
The transaction began with a sell-triggered TENDRIL token burn that nearly emptied the token’s side of the BNB Chain pool. The reported activity then included a large USDT swap.
Did the episode coincide with a broader crypto sell-off?
The supplied market snapshot described the overall market as flat. Bitcoin was down 0.49% over 24 hours, while the Fear & Greed index stood at 25, labelled Extreme Fear.
How much is 1 Tether worth in naira today?
About ₦1,378.76 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9992. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.